Pentagon splits $9 billion cloud deal between Google, Amazon, Oracle and Microsoft

Pentagon splits  billion cloud deal between Google, Amazon, Oracle and Microsoft

Dec 7 (Reuters) – The Pentagon has awarded cloud computing contracts worth $9 billion to Alphabet Inc. Google (GOOGL.O), Amazon Web Services Inc (AMZN.O), Microsoft Corp (MSFT. O) and Oracle Corp Wednesday. The Joint Warfighting Cloud Capability (JWCC) is the multi-cloud successor to the Joint Enterprise Defense Infrastructure (JEDI), which was an IT modernization project … Read more

Ex-Theranos chairman Balwani sentenced to nearly 13 years for fraud

Ex-Theranos chairman Balwani sentenced to nearly 13 years for fraud

Dec 7 (Reuters) – A U.S. judge on Wednesday sentenced former Theranos Inc chairman Ramesh “Sunny” Balwani to 12 years and 11 months in prison for defrauding investors and patients of the blood testing startup run by Elizabeth Holmes, spokeswoman for the U.S. Attorney’s Office confirmed. U.S. District Judge Edward Davila in San Jose, Calif., … Read more

Elon Musk briefly loses his title as the richest person in the world to LVMH’s Arnault – Forbes

Elon Musk briefly loses his title as the richest person in the world to LVMH’s Arnault – Forbes

Dec 7 (Reuters) – Twitter owner and Tesla (TSLA.O) boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a sharp drop in the value of its stake in the electric car manufacturer. and a $44 billion bet on the social media company. Bernard Arnault, chief executive … Read more

Bankman-Fried and Ellison seek attorneys as FTX probes escalate

Bankman-Fried and Ellison seek attorneys as FTX probes escalate

NEW YORK, Dec 6 (Reuters) – FTX founder and former chief executive Sam Bankman-Fried and Caroline Ellison, head of his now-defunct trading subsidiary, called in defense attorneys as authorities Americans are investigating the collapse of the crypto exchange, according to a Bankman-Fried spokesperson and a source familiar with Ellison’s selection. Bankman-Fried has retained Mark S. … Read more

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see … Read more

US Army awards Black Hawk replacement contract to Textron’s Bell

US Army awards Black Hawk replacement contract to Textron’s Bell

WASHINGTON, Dec 5 (Reuters) – The U.S. military on Monday awarded the contract for its next-generation helicopter to Textron Inc’s Bell Unit (TXT.N), ending a years-long competition for the technology that will replace the Black Hawk utility helicopter. . The Army’s “Future Vertical Lift” competition was aimed at finding a replacement as the Army seeks … Read more